ISCOM/305 Week 4 Discussion question 1

Feb 28th, 2015
Business Finance
Price: $5 USD

Question description

According to our text, procurement is the relationship between a company and a supplier by the use of linkages, or information flow. This includes communications between the two about product demand, costs, quality, etc. Distribution applies for channels, processes, and functions including warehousing and transportation (Russel & Taylor, 2011). There are many reasons why a company would use Global Supply Chains. Some companies have relationships with suppliers in other countries because that country may only have the means of creating raw materials. The text gave an example for the Hershey's company receiving their supplies from different areas of the globe because the cacao plants can only grow in specific climates. Another example can be cars. Some cars sold here in the United States are made in other countries and are sold for a premium. Communications between companies are important because they must work together to meet customer demands while working on costs and how these products will be distributed. Other factors include the timely arrival of these products. Customer needs are what drives a company to provide quality service and products, so companies would most likely opt to consider an outsourcing business with other companies to better handle costs and create quality materials.

Tutor Answer

(Top Tutor) hinanoureen
School: Carnegie Mellon University

Studypool has helped 1,244,100 students

Review from student
" Outstanding Job!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1830 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors